According to Senior Vice President of Product at Ripple, Asheesh Birla, Ripple now controls more than 50 percent of India’s cryptocurrency market and are still trying to convince more Indian banks to make use of their RTXP protocol.
Many people in India are unbanked and the idea of being your own bank via your mobile phone sounds attractive to a big portion of Indias population. Despite the ongoing discussion about banning crypto started by the RBI, Ripple is closing contracts weekly with more and more banks.